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According to the Mortensen-Pissarides Model, now assume that after Covid, firms realized that they can reduce on office and other fixed costs by allowing employees
According to the Mortensen-Pissarides Model, now assume that after Covid, firms realized that they can reduce on office and other fixed costs by allowing employees to work from home, eliminating the fixed cost of filled jobs and vacancies. How does the model change and what are the implications for the wage determination?
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